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10 Feb 2011 12:13
For immediate release | 10 February 2011 |
ZYTRONIC PLC
("Zytronic" or the "Company")
AGM TRADING UPDATE
At the AGM, to be held at 2.00pm today, the Chairman, David Banks, will make the following comments on current trading:
"Zytronic continues to benefit from its strong export bias and diversified end-user markets. Revenue and profitability for the year to date are ahead of the same period last year, driven by growth in touch sensor sales, including the expected growth from specific customer projects in self-service & vending and home automation.
The Company is also able to identify the Customer and Product in the "white goods" sector to which we have referred in recent Chairman's Statements. The Customer is BSH Bosch und Siemens Hausgeräte GmbH, the largest manufacturer of home appliances in Western Europe and one of the leading companies in the sector worldwide. The product is BSH's new Gaggenau CX480 range of induction hobs which uses a Zytronic 6.5" ZYBRID™-X touch sensor, integrated behind the hob's ceramic glass surface, to control all aspects of the hob's use. BSH launched this new range of Gaggenau hobs in January 2011 at the "Living Kitchen" exhibition in Cologne."
Enquiries:
Zytronic plc | 0191 414 5511 |
Mark Cambridge, Chief Executive | |
Denis Mullan, Finance Director | |
Buchanan Communications Ltd | 020 7466 5000 |
Richard Darby, Isabel Podda | |
Brewin Dolphin Ltd | |
Neil Baldwin, Neil McDonald | 0845 270 8610 |
Notes to Editors
Zytronic is the developer and manufacturer of a unique range of internationally award winning touch sensor products. These products employ an embedded sensing element and are based on projected capacitive technology ("PCT™"). PCT offers significant durability, environmental stability and optical enhancement benefits to system designers of integrated electronic displays, beyond that which was previously attainable.
Zytronic is also an industry leader in the development and manufacture of customised optical filters to enhance electronic display performance and an innovator in the production of specialised and transparent laminates for niche markets.
Operating from three modern factories near Newcastle-upon-Tyne in the United Kingdom, Zytronic assembles touch sensors, optical filters and other laminates, using special glass and plastic materials, in environmentally controlled clean rooms.
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